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Class Action Filed Against LifeMD, Inc. (LFMD) Seeking Recovery for Investors - Contact The Gross Law Firm
LifeMDLifeMD(US:LFMD) Prnewswireยท2025-10-27 12:45

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of LifeMD, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its competitive position and financial guidance during a specified period [1][2]. Summary by Relevant Sections Allegations - The complaint claims that LifeMD's management overstated the company's competitive position and was reckless in raising its 2025 guidance without properly accounting for increased customer acquisition costs in its RexMD segment and related to obesity treatment drugs [1]. Class Period - The class period for the allegations is from May 7, 2025, to August 5, 2025, during which shareholders are encouraged to register for potential lead plaintiff appointment [1][2]. Next Steps for Shareholders - Shareholders who purchased shares during the specified timeframe are advised to register for the class action, which includes enrollment in a portfolio monitoring software for status updates throughout the case lifecycle [2]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for investors who suffered losses due to misleading statements or omissions by companies [3].